Duly made and executed on this 24 day of November 2005.
CONSULTING AGREEMENT between Pluristem Inc. , a company incorporated under the laws of the State of
Nevada an or pluristem Ltd a company incorporated under the laws of the State of Israel (Registration No.51-
3371666), of Haifa Israel (hereinafter: the “ Company ”) and Meretzki Consulting Itd . Corporation a company
incorporated under the laws of the state of Israel , (hereinafter: the “ Consulting Company ”).
WHEREAS: the Company offered the Consulting Company, to provide it with Consulting Services, as such
term is defined in this Agreement, all subject to the terms and conditions specified thereunder; and
WHEREAS: the Consulting Company is willing to provide the Company with such Consulting Services, all
subject to the terms and conditions specified herein; and
WHEREAS : all services to be rendered to the Company under this Agreement are expected to be provided
by the Consulting Company solely by Dr. Shai Meretzki I.D 024331753 (the “Consultant” ); and
WHEREAS : unless specified to the contrary, or unless the context otherwise implies, the Consulting
Company and the Consultant shall be hereinafter referred to as the “Consultant” and shall be jointly and
severally liable for any of the obligations provided under this Agreement; and
WHEREAS : the parties desire to set their respective rights and obligations in accordance with the terms and
conditions specified herein.
NOW, THEREFORE, in consideration of the mutual representations, warranties, promises and undertakings of
the parties, it is hereby agreed as follows;
the Company is engaged, inter alia , in the field of stem cell expansion.
1. General Provisions
1.1. The preamble to this Agreement forms an integral part thereof.
1.2. Section headings are solely for the easement of reading, and shall not serve to interpret this